Here's What's Behind Alibaba's Slumping Stock Price
Alibaba (NYSE: BABA) had made an impressive recovery, gaining as much 80% since it bottomed in late March as the result of the pandemic. The company was riding high, making plans to spin off one of its most lucrative business segments. Unfortunately, the powers that be had other ideas, causing Alibaba's stock to lose as much as 16% of its value.
On this episode of Fool Live that aired on Nov. 16, "The Wrap" host Jason Hall and Fool.com contributors Danny Vena and Brian Withers discuss the circumstances that precipitated the stock's decline, providing a cautionary tale for investors in Chinese stocks.
Source Fool.com
